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Analysts from Everbright Securities said in a report that the country's new Securities Law, which took effect on March 1, has come up with more severe punishment for fraudulent measures. This is also a crucial preparation for the introduction of T+0 settlement.

Andrew Y Zhao, director of Sino-Asian Art Gallery, poses in front of his calligraphy. PHOTOS LIU YINMENG / CHINA DAILY

Andy Cosslett, Kingfisher chairman, praised Garnier's international experience, his recognized operational know-how at a multi-national retail business, his delivery of long-term value creation, and his experience in driving digital innovation, most recently in China.

An urgency bill requires a two thirds majority vote, and the LA Times says its unclear whether the California legislators supporting the measure have the votes to pull it off.

Andrew Cainey, from the London-based think tank Chatham House who specializes in Asia-Pacific, the global economy, and finance, said: "Success in Belt and Road Initiative projects require each party to understand the others well and to be aware of cultural differences and norms of doing business.With their international business reach, British professional services companies are well-placed to advise on this. Britain also has world-leading businesses in marketing, PR, and communications that help project the efforts of different parties."